Covenant Average Inventory from 2010 to 2026
| CVLG Stock | USD 29.53 0.13 0.44% |
Average Inventory | First Reported 2010-12-31 | Previous Quarter 2.2 M | Current Value 1.6 M | Quarterly Volatility 307.2 K |
Check Covenant Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Covenant Logistics' main balance sheet or income statement drivers, such as Depreciation And Amortization of 104.2 M, Interest Expense of 7.2 M or Selling General Administrative of 118.7 M, as well as many indicators such as Price To Sales Ratio of 0.5, Dividend Yield of 0.0077 or PTB Ratio of 1.54. Covenant financial statements analysis is a perfect complement when working with Covenant Logistics Valuation or Volatility modules.
Covenant | Average Inventory | Build AI portfolio with Covenant Stock |
The Average Inventory trend for Covenant Logistics Group offers valuable insights into the company's financial trajectory and strategic direction. By examining multi-year patterns, investors can identify whether Covenant Logistics is strengthening or weakening its position, and how this metric correlates with broader market conditions and industry benchmarks.
Latest Covenant Logistics' Average Inventory Growth Pattern
Below is the plot of the Average Inventory of Covenant Logistics Group over the last few years. It is the average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels. Covenant Logistics' Average Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Covenant Logistics' overall financial position and show how it may be relating to other accounts over time.
| Average Inventory | 10 Years Trend |
|
Average Inventory |
| Timeline |
Covenant Average Inventory Regression Statistics
| Arithmetic Mean | 2,364,148 | |
| Geometric Mean | 2,340,678 | |
| Coefficient Of Variation | 12.99 | |
| Mean Deviation | 202,871 | |
| Median | 2,487,320 | |
| Standard Deviation | 307,156 | |
| Sample Variance | 94.3B | |
| Range | 962.7K | |
| R-Value | (0.04) | |
| Mean Square Error | 100.4B | |
| R-Squared | 0 | |
| Significance | 0.87 | |
| Slope | (2,696) | |
| Total Sum of Squares | 1.5T |
Covenant Average Inventory History
About Covenant Logistics Financial Statements
Covenant Logistics stakeholders use historical fundamental indicators, such as Covenant Logistics' Average Inventory, to determine how well the company is positioned to perform in the future. Although Covenant Logistics investors may analyze each financial statement separately, they are all interrelated. For example, changes in Covenant Logistics' assets and liabilities are reflected in the revenues and expenses on Covenant Logistics' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Covenant Logistics Group. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Average Inventory | 2.2 M | 1.6 M |
Currently Active Assets on Macroaxis
| FSLY | Fastly Class A | |
| MOB | Mobilicom Limited American | |
| CMG | Chipotle Mexican Grill | |
| CSAN | Cosan SA ADR | |
| RKT | Rocket Companies |
Check out the analysis of Covenant Logistics Correlation against competitors. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Can Cargo Ground Transportation industry sustain growth momentum? Does Covenant have expansion opportunities? Factors like these will boost the valuation of Covenant Logistics. Projected growth potential of Covenant fundamentally drives upward valuation adjustments. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Covenant Logistics demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth (0.25) | Dividend Share 0.28 | Earnings Share 0.16 | Revenue Per Share | Quarterly Revenue Growth 0.065 |
The market value of Covenant Logistics is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Covenant Logistics' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Covenant Logistics should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Covenant Logistics' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.